Ezra revamp has no bearing on US$22.6m loan: Loyz

Singapore

LOYZ Energy, which has a US$22.6 million loan backed by a firm belonging to Ezra Holdings' chief executive Lionel Lee, does not expect Ezra's financial structuring proceedings in the US to have any material adverse impact on the energy group in respect of the loan.

Mr Lee is a common substantial shareholder of both the companies, Loyz said in an announcement on Wednesday after the stock market's trading hours. He is the sole owner of Jit Sun Investments, which has a direct stake of 9.9 per cent in Loyz.